Simpson Thacher is representing Finance of America Companies, Inc. and its subsidiaries (the “Company”), in connection with a comprehensive exchange offer and consent solicitation (“Exchange Offer”) of the Company’s existing $350 million of Senior Notes due 2025 (the “2025 Unsecured Notes”). On September 17, 2024, the Company launched the Exchange Offer offering holders of the 2025 Unsecured Notes to exchange their notes for (i) up to $200 million aggregate principal amount of Senior Secured Notes due 2026, and (ii) up to $150 million aggregate principal amount of Senior Secured Exchangeable Notes due 2029. The transaction is supported by more than 94% of the holders of the 2025 Unsecured Notes, including a group of initial consenting noteholders who are party to a transaction support agreement with the Company.
Finance of America (NYSE: FOA) is a modern retirement solutions platform that provides customers with access to an innovative range of retirement offerings centered on the home. In addition, Finance of America offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.
The Simpson Thacher team is led by Marisa Stavenas, Sunny Singh, Will Golden and Roxane Reardon, and includes Soogy Lee, Catherine Ciriello, Phil DiDonato and Zachary Weiner (Special Situations); Matt Hart, Joann Kim, Albert Murzakhanov, Julie De Keukeleire and Zach Guttman (Capital Markets); Arielle Katzman (PCAP); and Jonathan Goldstein, Sophie Staples and Kris Liu (Tax).